Category: identity theft

Electing to roll over your 401(k) while keeping your company shares intact is allowed under the IRS’ net unrealized appreciation (NUA) rules.

What is the most efficient and least costly process to use your investment portfolio to access cash when you need it.

Recent changes in tax laws have resulted in important provisions that have created unique and unprecedented opportunities for charitable minded investors.

The CARES Act, Section 2206 offers an opportunity that benefits both employees and employers. Until the end of this year, employers can pay up to $5,250 toward an employee’s student loans tax-free.

I recently received an e-mail from a client who found a new focus and clarity during his time of transition.

Today we are highlighting four timely topics related to 529 plans and the economic environment: time horizon, left-over 529 funds, tax considerations for college refunds and qualified apprenticeship training programs

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) that was passed March 27th, 2020 includes temporary, but meaningful, changes to laws relating to income planning for 2020.

As we have been advised to exercise our business continuity plan and work remotely, I am surprised by the ease and efficiencies we have uncovered while working together “apart.”

Before anyone makes sudden shifts in their asset allocation strategies based on recent market actions, we believe it is important to keep the following points in mind...

Transitions in a career, sale of a business, retirement, buying or selling a home, children or grandchildren, or other life change can cause stress. This discussion with Ruth Tongen, Senior VP of think2perform, highlights how clients can go through transition in a healthful way.

President Trump signed The Setting Every Community Up For Retirement Enhancement Act of 2019 (The SECURE Act) into law on December 20th, 2019. The thirty-one sections of legislation came at long last through bipartisan efforts throughout 2019, and they include some key changes to decisions, rules, and elections relating to how pre-tax accounts play into retirement income and other financial planning.

Turning your interest into a sustaining hobby is the first step to enjoying those golden years in retirement.

With the recent blast of frigid air and Thanksgiving around the corner, I would like to share a very personal experience that I’m sure has happened to you also.

Cash balance pension plans have seen a rebound in popularity as small businesses and professional groups seek a balance between sometimes competing desires to attract new employees, supplement benefits for senior executives and owners, and minimize tax and benefit expenses.  Most often used as a complement to defined contribution arrangements such as 401k and profit sharing plans, properly designed cash balance plans provide a greater degree of flexibility and potentially much greater tax benefits.  From both a short- and long-term standpoint, it may be an option worth exploring.

Under current tax laws, ‘Superfunding’ a 529 college saving account allows you to make five years of contribution ( 5 X $15,000 = $75,000)  at one time while still qualifying for the annual gift tax exclusion. 

Timing the market like a 50/50 coin toss is risky and a gamble we urge our clients to avoid. Here's why...

Although the financial industry tells us that 4% is the appropriate rate of withdrawal from a retirement fund, this oversimplification may result in almost 20% of retirees running out of money. An historical look at the bond market shows why applying a 4% rate of withdrawal will be disastrous to many retirees.

We clearly have complicated feelings about money and spouses and children can make it even more difficult if we aren’t on the same page about managing money. The New York Times presents “Best Tips for Managing Money”, sage advice about how to prevent money management from fracturing families.

In my experience, 70% of my clients who own businesses do not have a retirement savings plan. For many entrepreneurs, their wealth is tied up in their firms. These few steps can help you pursue your retirement goals.

If you have a large amount of money sitting in a checking or other low-interest account, you may be surprised to find out just how much more income you could realize by exploring other options.

The volatility we experienced in December challenged investors to understand their personal truth around risk and investment principles.  As a wealth manager over multiple market cycles, I have found the following investor traits bring greater clarity to financial and investment decisions.

Last month, we spoke about ‘dusty wills’ when you have to blow off the dust because it’s been so long since you reviewed them. In Part 2, Paul Brown, attorney and president of Chandler & Brown, LTD, continues to share some real-life examples of what can happen if estate planning oversight is neglected.

Do you have a "dusty will"? When it comes to estate planning, this article illustrates what can happen if "life events" such as marriage, divorce, birth of a child or grandchild, move to another state, death of a beneficiary or receipt of an inheritance are overlooked.

Snowbird season has arrived and we’ve listed some important things to consider when planning a prolonged absence in the sun.  Start keeping a running list on your phone a month before you leave. That way, when it’s time to pack, you’re already done with the mental preparation and packing will just be collecting what you need.

This article discusses some common mistakes people make when leaving tax deferred retirement assets to their heirs. These costly errors can reduce your client’s legacy and prevent their wishes from being carried out.

According to the Department of Justice, an estimated 17.6 million people, or 7% of all U.S. residents age 16 or older, were victims of one or more incidents of identity theft in 2014 (latest available). What's more, about 7% of identity theft victims experienced out-of-pocket losses of $100 or more. Here are some steps to help you prevent significant loss.

We recently had a discussion with a client about their loved family members, their dogs. They are married with no children and love their pets as much as they would as children. They have also served as foster parents to several dogs over the years. Part of their estate plan was to provide their pets with consistent care and security beyond their lives. Just like a lamp is a piece of personal property, pets are considered personal property under state law. You can’t leave property to property. So how can you ensure that your pet is taken care of if you are disabled or die?

The lessons you learned early form your “Money Imprint”; your hardwired operating system that determines if you stumble or strut in your money life. Ask yourself these questions to understand how your beginnings shape your future.

With retirement comes freedom and flexibility. But many people reaching retirement have a lot of questions and misgivings about the good times ahead. That’s why, while we take a financial assessment for a client’s retirement, I initiate discussion about their life plan moving forward. Here are some emotional challenges people don't always consider.

How much can you withdraw from your retirement funds? Barron's publication gives us formulas and strategy on fixed and discretionary spending vs. guaranteed fixed income in your portfolio.